Current Affairs

 Invest India and Business France have signed Memorandum of Understanding (MoU) to promote investment facilitation and cooperation between startups of India and France. The MoU will facilitate direct foreign investment by providing practical investment information to enterprises. It will also support companies pursuing those opportunities which contribute positively to economic growth of two countries.
  • Key Facts
Under this MoU, Invest India and Business France will collaborate to promote business and startup ecosystem cooperation through joint activities. They will also exchange experiences to strengthen institutional knowledge and identify opportunities between businesses in French and Indian private sector, creating dedicated support structure to facilitate inbound companies and startups. The partnership will strengthen existing business relations between India and France and provide seamless facilitation channel for new businesses and innovations from both countries to grow in each other’s markets.
  • Invest India
It is official Investment Promotion and Facilitation Agency of Central Government. It is mandated to facilitate investments in the country. It is first stop for potential global investors in country. It is non-profit venture under Department of Industrial Policy and Promotion (DIPP), Ministry of Commerce and Industries,
  • Buisness France
It is executive agency of French government under supervision of Minister for Economic Affairs and Finance and Minister of Foreign Affairs and International Development. It promotes international business development for French companies and professionals through worldwide network of 80 trade commissions, which have worked with over 7,500 SMEs. It mobilizes expertise of 1,400 persons in France and in 70 other countries.

 Veteran sports journalist Swapan Sarkar passed away due to diabetic complications. He was 67 years old. Sarkar worked for a number of dailies and was also the Delhi sports correspondent of Ananda Bazaar Patrika (ABP) from mid 1990's. 
Source- Press Trust of India (PTI) 

  Renowned historian and author of several bestselling books Ramachandra Guha has penned a new book titled "Gandhi: The years that changed the world (1914-1948)" on the father of the nation. Billed as the most definitive new biography of Gandhi, the upcoming book will be published by Penguin Random House India and will be released in September 2018. 
Source- The Indian Express

 The Chief Minister of Odisha, Naveen Patnaik launched the 'Green Mahanadi Mission'. The CM launched the mission by planting a sapling on the bank of river Mahanadi during his visit to Boudh and Subarnapur districts in western Odisha. The 'Green Mahanadi Mission' is a plantation drive under which 2 crore saplings will be planted along the Mahanadi river and its tributaries. The main objective of the mission is to stop soil erosion on river banks and recharge the groundwater reserve. 
Source- The Hindu

 India on July 26 celebrated the 19th anniversary of Kargil Vijay Diwas to mark the success of ‘Operation Vijay’ and to remember the supreme sacrifice of the Indian soldiers who lost their lives during the 1999 India-Pakistan Kargil War. The Defence Minister Nirmala Sitharaman paid homage to the martyrs on Kargil Vijay Diwas at Amar Jawan Jyoti in New Delhi. Armed Forces personnel and families of soldiers who lost their lives in 1999 Kargil War paid their tributes at the Dras War Memorial in Jammu and Kashmir to commemorate the historic win. Operation Safed Sagar was successfully launched by Indian Air Force during Kargil war. 
Four Param Vir Chakras were awarded to:
  •  Captain Vikram Batra, 13 JAK Rifles, Posthumous,
  •  Lieutenant Manoj Kumar Pandey, 1/11 Gorkha Rifles, Posthumous,
  •  Rifleman Sanjay Kumar, 13 JAK Rifles,
  •  Grenadier Yogendra Singh Yadav, 18 Grenadiers.
  • Source- India Today

     The hotel named 'Hostess' was launched by Kerala Tourism minister Kadakampally Surendran. A flagship project of the Kerala Tourism Development Corporation (KTDC). The hotel will come up within six months at the KTDC complex. Work on India's public sector hotel run entirely by women for women is claimed to be the first such in the country. The project was a 'milestone initiative' of KTDC, considering its purpose, security features and facilities of global standards at affordable rates. 
    Source- The Moneycontrol

     Invest India and Business France have signed an MoU to promote investment facilitation and cooperationbetween startups of India and France. The goal will be to facilitate direct foreign investment by providing practical investment information to enterprises and support the companies. Invest India and Business France will collaborate to promote business and startup ecosystem cooperation through joint activities and exchange experiences to strengthen institutional knowledge and identify opportunities between businesses in the French and Indian private sector, creating a dedicated support structure to facilitate inbound companies and startups. 
    Source- Press Information Bureau (PIB)

     Thaawarchand Gehlot, Union Minister for Social Justice & Empowerment attended the Global Disability Summit held in London, UK. The motto of the Conference was to firm up the commitments of the country leaders towards the cause of persons with disabilities. The Global leaders expressed their commitments towards elimination stigma and discrimination, promoting inclusive education, economic empowerment, technology and innovation in assistive devices, data desegregation etc.
    Source- Press Information Bureau (PIB)

      Mobile tower arm of telecom major Bharti Airtel, Infratel announced that it has received clearance from SEBI for its merger with Indus Towers. It will now approach the National Company Law Tribunal for its approval. The combined company will own 100% of Indus Towers jointly owned by Bharti Infratel (42% holding), Vodafone (42%), Idea Group (11.15%) and Providence (4.85%). 
    Source- The Economic Times

      The Department of Telecom (DoT) has given final approval to the merger of Vodafone India and Idea Cellular. The nod for Vodafone Idea came days after Idea Cellular and Vodafone India jointly paid Rs. 7,268.78 crore 'under protest' to the DoT. The entities will now approach Registrar of Companies (RoC) for stipulated filings for approval, completing the last leg of formalities. The combination, to be known as Vodafone Idea, will create India's largest mobile-phone company and help the firms compete with billionaire Mukesh Ambani's Reliance Jio Infocomm Ltd., which upended the world's second-largest mobile-phone market by offering free calls and cheap data. 
    Source- The Livemint


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